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SIMPLIE PORSH:
» Wholesale & Retail sale of Clothing, Pure Virgin Hair, Fabrics & Accessories
» Interior Design & Remodeling
» Business Consulting & Devpt

Products
- Fashion Outfit and Accessories for Men, Women and Kids ranging from Tops, Dresses, Shirts, Blouses, Jeans, Chinos, T-shirts, Wallets, Bags, Sandals, Shoes, Belts, Hats etc.
- Fabrics: African Prints, Chiffon, Atiku, Cotton etc.
- 100% Human Hair in Wavy, Straight and Curly (Type: Malaysia, Indian, Peruvian, Cambodian, Russian and Spanish).

Address: 17 Ayodele Okeowo Street, Soluyi, Gbagada, Lagos State, Nigeria., Lagos, Lagos
Phone: +2348065497326
Mobile phone: +2348026665019
Website: www.facebook.com/simplieporsh/

SIMPLIE PORSH:
» Wholesale & Retail sale of Clothing, Pure Virgin Hair, Fabrics & Accessories
» Interior Design & Remodeling
» Business Consulting & Devpt

Products
- Fashion Outfit and Accessories for Men, Women and Kids ranging from Tops, Dresses, Shirts, Blouses, Jeans, Chinos, T-shirts, Wallets, Bags, Sandals, Shoes, Belts, Hats etc.
- Fabrics: African Prints, Chiffon, Atiku, Cotton etc.
- 100% Human Hair in Wavy, Straight and Curly (Type: Malaysia, Indian, Peruvian, Cambodian, Russian and Spanish).

Address: 17 Ayodele Okeowo Street, Soluyi, Gbagada, Lagos State, Nigeria., Lagos, Lagos
Phone: +2348065497326
Mobile phone: +2348026665019
Website: www.facebook.com/simplieporsh/

lremeenterpriseAs part of our commitment to customers, we go over and beyond to provide you the product sought after.
Call us today!!!!

Joyce Awoyinka
Ceo & Founder

+447459075358, +2348065497326
Email: lremeenterprise@gmail.com
Head Office: 17, Ayodele Okeowo Street, Soluyi, Gbagada, Lagos State
Branch: Ijora Cool wharf, Opposite Wema Bank, Ijora Olopa, Lagos, Nigeria
https//www.lnstagram.com/lremeenterprise/
https//www.facebook.com/lremeenterprise/

VITAFOAM: WILL REBOUNDING EARNINGS SUPPORT HIGHER PAYOUT?WHAT NEXT FOR NIGERIA’S

Vitafoam Nigerian Plc recently presented its unaudited nine-month earnings report to the investing community slightly earlier than that of the corresponding period in 2016, the highpoint of which was the growth in top and bottom-lines as the company came out of loss. This reality is yet to influence its share price, due to its relatively low dividend payout history and unstable earnings performance over time.
Investors and analysts expect that the company’s post-merger numbers arising from its expansion outside Nigeria, and the introduction of new products would further boost its earnings capacity, helped particularly by earnings from its foreign operations, considering the exchange rate. There is also revenue from its domestic operations as the company continues to penetrate new markets. Expectations are that with Vitafoam bouncing back to profit, dividend payment would likely range between 15 kobo and 18 kobo.

In the Q3 result under consideration, Vitafoam recorded an increase in turnover, indicating the effects of market penetration and new segments through introduction of new products, following the merger which is ensuring that the company is able to effectively withstand competition from the growing number of cottage companies in it sector resulting in enhanced sales. The high cost of financing its operations and increase in income tax left a deep cut in its profit as reflected in its profit margin for the period.

The company’s successfully repositioning of its furniture business, while venturing into spare parts production and strategic repackaging of the insulation business for enhanced value creation have all started yielding results as expected. This therefore means that investors should wait and expect better reward with its full year result expected in the market any moment from now. The low profit margin however suggests the need for better and enhanced cost management, while plugging loopholes if shareholders must reap the benefit of the ongoing revenue growth trajectory, through improved profitability.

Statistics for the third quarter ended June 30, 2017 revealed improvement in all financial indices for the period under consideration, with sales revenue growing by 34.32% above the comparable period. This came with a profit of N134 million as against a loss of N159 million in the corresponding period of 2016, which translated to Earnings Per Share (EPS) of 0.13 kobo, as against the 15 kobo loss per share in the 2016 Q3, while Return on Equity (ROE) came to 4.11%, as against -4.53% in 2016.
As noted earlier, the company’s profit margin is poor by all standards at 0.91%, even when compared to the negative 1.45% in the corresponding period of 2016, just as Book Value stood at N3.13 from N3.27, as a result of the increase in profit and retained earnings.


Source: Company Financial & Investdata Research

Looking at the company’s earnings movement since the begin of the last financial year ended September 30, 2017, the numbers have been unstable but on the strength of its Q3 numbers the expected full year earnings per share is projected to be in the region of 25 kobo and dividend possibility of 15 to 18 kobo as mentioned earlier. Being the first full year report, the numbers and payout (if impressive) and dividend is recommended, it might usher investors into the 2018 market and elicit positive reactions.

Technical View



The price action of Vitafoam shows an uptrend movement that started since March on positive sentiments, aided by the 12 kobo dividend payout, which was confirmed by the impressive Q1 results that was sustained till June. It remained trendy in the rectangle chart pattern with resistance price of N3.07 and support of N2.63. On the expectation of it full year financials the possibility of break out or down is high, depending however on the actual numbers.
The chart reveals a high possibility of the uptrend continuing to breakout the next resistant level of N3.07.
On a daily time frame, the stock is strong as it is trading above it year open and 50 day moving average. Despite the possibility of pullbacks as result of profit taking, the stock has the momentum to retrace up.

Analysts Opinion/Recommendation
The equity is good for dividend investors as it guarantees annual returns. Also, traders may enjoy the likely rally if full year financials beat expectations as money market interest rate continues to crash ahead of the Federal Government’s green bond and the first Monetary Policy Committee (MPC) meeting of 2018, holding in January. Note also that monetary policy easing has technically commenced in a bid by the authorities to bring down cost of funds and drive the expected growth in 2018 and beyond.
But the management of Vitafoam should continue with its strategic business plans of repositioning its subsidiaries to boost performance, while utilising modern research and development exposures for cutting costs and enhance profitability.

History
Vitafoam Nigeria is a leading manufacturer of flexible foam, reconstituted foam and other household products. It has the largest foam manufacturing and distribution network which facilitates just-in-time delivery of products throughout Nigeria, with off-shore operations in Ghana and Sierra Leone.
The company was established on August 4, 1962 by British vita and Unilever and listed on the NSE in 1978. Vitafoam is currently Nigeria’s most prominent and leading producer of Polyether, foam products, furniture, upholstery products and adhesives. In 2010, it became a major shareholder of Vono Products and established two sister companies; Vitapur Nigeria (an insulations products manufacturing company) in the Oil & Gas industry and Vitablom (a fibre processing and soft furnishing company). Finally in 2012, it established its youngest subsidiary- Vitavisco for production and sales of Visco elastic foam and latex products.


Source: Company Financial & Investdata Research

2016 Performances Analysis
In the period under review, sales revenue witnessed a drop, while operating and finance expenses continued to grow, push the company into red for the year, with cost of sales pointing in the northward direction at a time the business environment was very challenging and purchasing power of Nigerians was weak.
Despite all of these, and its red account for the year Vitafoam was forced to pay a dividend from its retained earnings just to keep shareholders smiling, for the first time in almost 10 years, with a dividend of 12 kobo per share which reflected the seeming loss position for the period,
Turnover was down comparable to the N17.19 billion recorded in 2015, while loss after tax stood at N32.03million
The price performance for the year moved down to reflect the performance pattern, but reversed up in 2017 on the strength of it improving numbers for the period and positive general market performance.

http://investdata.com.ng/2017/12/vitafoam-will-rebounding-earnings-support-higher-payout/#more

Cement War: BUA’s Stealing, Illegally Mining Our Limestone- Dangote


• It’s A Lie, You Can’t Intimidate Us Like You Did To Ibeto, Others, BUA Warns

Photo Caption: Acting Chief Executive, Dangote Cement Plc, Engr. Joseph Makoju; Group Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote Industries Limited, Devakumar Edwin; and Mining Consultant to Dangote Industries Limited, Taslim Jimoh, at a press briefing to debunk the claims by BUA Group on allegation of Dangote Cement sabotaging operations of BUA Cement in Edo and Kogi State, in Lagos on Sunday, December 17, 2017.

The verbal war between Alhaji Aliko Dangote’s Dangote Cement Plc and his fellow billionaire businessman from Kano- Alhaji Abdulsamad Rabiu of BUA Group continued Sunday, over control of the nation’s lucrative multi-billion cement business.
Both groups are at war over vast deposits of limestone, the major raw material for cement production.
While Dangote Group has its Dangote Cement Plc listed and actually accounting for about a third of the market capitalization of the Nigerian Stock Exchange (NSE), BUA is not visible on the bourse, except for its relatively small-sized Sokoto Cement, trading under the name, Cement Company of Northern Nigeria (CCNN).

A statement from Dangote Group, which fired the first salvo on Sunday evening, accused BUA of engaging in illegal mining of limestone deposits in its Mining Lease No. 2541, located in the boundary town of Oguda/Ubo in Okene Kogi State.
The statement quoted Dangote’s Executive Director, Devakumar Edwin, an Indian, as frowning at the media war, which he said was instigated by BUA against his group, “over a matter which is already pending before the Federal High Court, Benin Division.”
In a counter statement few hours later, also on Sunday, the management of BUA Group accused Dangote of “desperation in its continued attempt to disregard the judicial process and scheme a viable competitor out of business as has been their legendary antecedent.
While agreeing that the case is already before the court and urging that all parties follow the process in resolving the issue, BUA warned: “We will not be cowed or intimidated and will continue to seek redress through the proper legal channels.”

It regretted: “The antecedents of Dangote Plc in trying to outmuscle competition is not in doubt,” and that “various cases abound within and outside the cement industry – one of which was their taking over of the limestone deposits of another competing entity in the south-south region of Nigeria until they ceded him 25% of their company. This was in turn resold to them for hundreds of millions of dollars.
“Or is it the case of Ibeto whose business was almost driven under but for the prompt intervention of the then late President Umaru Musa Yar’Adua. Or is it the case of Polo House Jetty Tincan previously owned by his uncle, Usman Dantata, whose License was revoked by NPA and reallocated to Dangote on the same day in order to prevent a sugar refinery to be sited there by a competitor.”

For the records, BUA stressed that its operations are in Obu, Okpella, Edo State and not Okene Kogi.”
Dangote Group had in its statement quoted Edwin as arguing that: “Dangote Group validly acquired its interest and mining title in the disputed Mining Lease No. 2541 from AICO Ado Ibrahim & Company Ltd sometime in 2014. AICO itself had applied to the Mining Cadastre Office and Ministry of Mines and Steel Development for the said Mining Lease No. 2541 located in a boundary town of Oguda/Ubo in Okene Kogi State in 2007. The Ministry in exercise of its power under the Nigerian Minerals and Mining Act, 2007 granted and issued to AICO ML. No. 2541 for the renewable period of 25 years effective from 1st February 2008 and to expire on 31 January, 2033. Thus AICO by virtue of the said grant, became vested with the legal title over ML. No. 2541. In 2014, the Dangote Group approached AICO and indicated interest in acquiring AICO’s stake in ML No. 2541. In 2014, AICO in exercise of its right under the Mining Act, applied to the Ministry for the transfer of its title in the ML No. 2541 to Dangote Group. AICO and Dangote Group equally paid all the transfer and statutory fees demanded by the Ministry.”

He further explained that:” By a letter dated 05 February 2016, the Ministry wrote to the Managing Director of the Dangote Group to convey the approval of the Ministry for the Transfer/Assignment of ML No. 2541 from AICO to Dangote Group with effect from 03 February 2016. Following the successful transfer of ML. NO. 2541 to Dangote Group, the Group became the holder of the Mining Lease No. 2541.”
He said even BUA in its process in Court acknowledged that these illegal mining leases which it claimed were granted in 1997 were temporary mining leases.

Edwin also recalled that the then Minister for Solid Minerals under Olusegun Obasanjo’s regime, Dr Oby Ezekwesili sometime in 2006 waded into the dispute and invited the managements of Edo Cement Company Limited and AICO Ado Ibrahim & Company Limited for a meeting and that in the course of the meeting the then Minister again queried the legality of Mining Lease Nos 18912 and 18913 and the power of the Governor of Edo State to grant such mining leases.

“At the end of the Meeting, the Minister declared the Edo Cement’s Mining Leases Nos. 18912 and 18913 illegal and declared the mining site open for interested investors. Given that AICO’s then existing Mining Lease No. 17825 was yet to be renewed even though application for renewal was pending, AICO in 2007 (under the Mining Act, 2007) applied for the fresh Mining Lease No. 2541 and the Ministry granted it in 2008 without any objection from Edo Cement Company” Edwin said AICO, who sold the right to Dangote, continued its mining operations in the Mining Lease No. 2541 undisturbed until BUA Group acquired Edo Cement Company Limited and resuscitated the dispute again.
Edwin further revealed that it was the attempt by BUA to encroach on AICO’s mining title in Mining Lease No. 2541 that prompted AICO to write to the Ministry in 2015 complaining of BUA’s encroachment.
He said: “The Ministry after investigation in the same 2015 by the letter dated 21 January 2015 wrote to the Chairman of BUA Group directing BUA to stop mining within the ML. No. 2541. It was this same letter from the Ministry that prompted BUA to file a Suit at the Federal High Court Benin in 2016.”

Edwin said: “It is therefore appalling that BUA Group in the midst of these overwhelming facts will still want the public to believe that Dangote Group is after its business when in actual fact BUA has been the one mining illegally in Dangote Mining Lease and attacking its officials without any justification… The crocodile tears being shed by BUA in its cry for help and open letter to the President is most laughable and a total distraction from BUA’s continuous illegal activities within Dangote’s ML 2541 aimed at depleting and exhausting the limestone reserves in order to sabotage Dangote Group’s legitimate investment.”
BUA however further stressed that besides its mining operations being limited to Obu-Okpella, Edo State for which licenses ML18912 & 18913 were issued and revalidate by the same ministry in a publica, it had “been owned, operated and fulfilled by BUA and its predecessors-in-title since 1976 as it is also a notorious fact that we have exercised total control and possession over the mining area covered by the above mining leases since 1976 when we operated under the name of Bendel Cement Company Limited.

“We are thus wont to excuse Edwin’s claims to a lack of basic knowledge and understanding of the geography of Nigeria but he will be better served if he seeks professional opinion in critically understanding the geography of Nigeria or he should otherwise refer to documents from the boundary commission which clearly delineates boundaries within Nigeria.”
Being an international company listed on the NSE, BUA warned why Dangote Cement is so averse to letting the rule of the law and judicial process take its course, when the court ordered all parties to maintain Status Quo.

“This includes BUA’s current ownership of our mines in Edo State. But the management of Dangote Group Dangote, as has been their strategy in the past to other companies in competition with them, is still seeking to out-muscle competition through backdoor means rather than let the court decide. If anyone is not satisfied, they should write to the courts as an independent arbiter for an interpretation of “maintaining status quo”: rather than spread misinformation in the court of public opinion.”

http://investdata.com.ng/2017/12/cement-war-bua-stealing-illegally-mining-limestone-dangote/#more

WHAT NEXT FOR NIGERIA’S STOCK MARKET AS 2018 COMES TO A CLOSE?

What should investors look out for in the next major earnings reporting season, which comes out within the first quarter (January to March) 2018, especially with improved company and market fundamentals as reflected in the numbers emanating from quoted companies and reactions to such from market forces in form of price performance and traded volume that had shown increased activities and demand for stocks, when compared to the situation in the three previous years of down market.

Investdata Research shows that traders are interested in market reactions to earnings during earnings seasons, but the momentum of this reaction depends on the numbers posted and the period. Markets react faster and longer to full-year scorecards than quarterly reports, due to rewards that accompany such in the form of cash dividend or bonus shares, which are of interest to most investors. The behavioral pattern of investors and the market at this point is what traders benefit from, while trading earnings season. It is juicier when companies releasing numbers that beat market expectation when accompanied with good payouts.

Ahead of the 2018 earnings season, many sectors have so far shown potentials of higher payout due to impressive numbers released so far especially the direct beneficiaries of the Central Bank of Nigeria (CBN) intervention in the foreign exchange market that resulted in stable exchange rate regime, impacting positively on stocks in the manufacturing, banking, agriculture and healthcare sectors, among others.
While seeking to position for robust returns in 2018, investors should go back to the performance of stocks in question in previous quarters to review the pattern within their current financial year. In other words, you should be asking questions like: What has the earnings trend been like in the last two or three quarters? What were the last full-year’s Earnings Per Share (EPS) and dividend payout like? Such information would give insights into what to expect from the particular company.

Please note that companies with consistent incremental performances are most suitable for investment purposes, given their probability of better last quarter performances. You might choose to dwell on the reasons for the inconsistent performance patterns, including the fact that some companies do have cyclical sales trends for which reason the quarterly performances are bound to vary sharply. Take note of such stocks and act accordingly.

Add up the three quarter earnings that you now have, to see what the average performances would be. Or, better still, find the average of the last four quarters, that is, add the three quarters of current year and the fourth for previous year, then divide your answer by four to get the average. This is important to project what the dividend possibilities are. To do this right, you might now need to consider previous year’s performances to see any similar trend or divergence. Companies with identical trends with previous years’ performance level are easier to predict than those with divergent trends. In cases of divergence, find out what the issues are so as to take advantages or cut your loss swiftly.
The industry wherein the companies you are researching on operate is key. For example, manufacturing companies tend to release audited reports to the market faster than banks and insurance stocks. Equities like Vitafoam, Forte Oil, United Capital, and Nestle as well as in some cases, Cadbury are known to be among early fliers in the market every year, as their results often hit the market between four to eight weeks after the end of the financial year. The reason is not far-fetched: Such companies do not present their financials to a primary regulator for approval before being released to the market, unlike banks and their insurance cousins particularly whose financials go through the CBN or National Insurance Commission (NAICOM). Over the last three financial years, most insurance companies have had to grapple with challenges posed by the new international accounting standards, which the banks had to contend with long before now.

Summarily, note the period to expect the audited result with the release of the third quarter results and position right.
Please note also that quarterly results alone will not determine equity prices even in the very short-term. As a result, learn to keep tab on the prevailing market situation to measure the probable impact of full year earnings performances on stock prices.
In other words, positive earnings in a bullish market will most probably lead to further rally, while positive earning in a down market may not impact much. Negative earning in an uptrend won’t move price up in as much as the decline is not sharp.
The current 10% price circuit will boost returns faster as the market reacts to earnings reports, leading to early equilibrium price level in response to earnings surprises.

The implication of this is that positive results may not experience a bull-run for more than a week after which profit takers would besiege the market to slow down price activities. It is the same for negative earning.
The best every investor must learn to do at this point is: Be technical-analysis compliant for the best of short-term market play, while anticipating quarterly and full-year audited reports that will commence in January 2018.

Investors who may not be desirous of technical analysis skill could be shooting themselves in the foot, because they might be buying at the end of an initial rally in response to positive earnings as profit takers dump stocks, while traders re-enter when audited report are near for equities projected to likely pay final dividends by effectively combing fundamental and technical analysis.

Earnings release date and expected market reaction is important when trading earnings season.

http://investdata.com.ng/2017/12/next-nigerias-stock-market-2018-comes-close/#more

2017 Third Quarter Top Performing Stocks By EPS

http://investdata.com.ng/2017/12/2017-third-quarter-top-performing-stocks-eps/#more

INVESTDATA PRICE & EARNINGS TRACKING FOR WEEK ENDED DECEMBER 15, 2017


http://investdata.com.ng/2017/12/investdata-price-earnings-tracking-week-ended-december-15-2017/#more

FG LIED ABOUT GOVS’ $1BN DONATION TO ANTI-BOKO HARAM WAR, SAYS FAYOSE

Governor Ayodele Fayose of Ekiti State on Friday debunked claims by Chairman of the Governor’s Forum, Alhaji Abdullazeez Yari of Zamfara State at the meeting of the National Economic Council (NEC) on Thursday that his colleagues approved the contribution of $1bn from the Excess Crude Account (ECA) in support of Military Operations in the North East.

Taking to his personal twitter handle on Friday morning he said decision to withdraw from the ECA “was solely the idea of the federal government, which they used the National Executive Council meeting to achieve.”
He wondered reasons for the withdrawal, “since they said they have defeated Boko Haram, what else do they need a whopping sum of $1 billion (over N360bn) for; if not to fund President Buhari’s re-election in 2019?

“For posterity sake, I wish to place it on record that I was not among the governors, who approved the withdrawal of $1bn, almost half of our savings in the Excess Crude Account, which belongs to the three tiers of government to fight an already defeated Boko Haram.
“N360bn is equivalent to what the Federation Account Allocation Committee share to the FG, 36 States and 774 LGs monthly. Nigerians deserve proper explanations from the FG on the rationale behind spending such huge sum of money to fight an already defeated Boko Haram.”
Continuing, he also wondered how “the Federal Government alone spend almost half of the Excess Crude money that belongs to the three tiers of government (i.e. Federal Government, States and Local Councils)?

“The APC promised to wipe out Boko Haram within six months, now it is 31 months and what the APC government is wiping out is the economy of Nigeria and the means of livelihood of the people,” he stressed.
Also writing on twitter on the same topic hours earlier, former Minister of Aviation, Chief Femi Fani-Kayode noted: “This is a lie.
“The $1 billion will be used by Buhari and his APC to fight the 2019 presidential election and part of it will be shared between party leaders and the cabal.

“Buhari is not only the father of corruption in Nigeria, he is also the father of the barbaric Fulani herdsmen, the father of religious bigotry and radical Islam, the father of “born to rule” northern supremacy and Fulani hegemony and the father of genocide and ethnic cleansing,” he stressed.

http://investdata.com.ng/2017/12/fg-lied-govs-1bn-donation-anti-boko-haram-war-says-fayose/#more

PROFIT TAKING SPIKES PANIC SELLING, EVEN AS MARKET FUNDAMENTALS REMAIN UNCHANGED



MARKET UPDATE FOR DECEMBER 14, 2017

It was a difficult trading session on the Nigeria Stock Exchange on Thursday, as market indicators declined further on a highly volatile mode to consolidate the losing streak that almost wiped out all of the gains recorded month-to-date, due to massive profit taking in blue chip stocks that almost triggered panic among retail investors. Considering what the market had done in terms of performance year-to-date especially, profit taking is not unexpected also given that it is an integral aspect of stock trading and investing.

Trading activities for the day started out with a little pop to the downside, reaching intraday lows of 37.840.14, breaking down the psychological line of 38,000 and strong support level of 38,241.45 from the day’s high of 38,539.91 on below recently traded market average volume. The index had actually formed bear wedge, despite reducing the losing streak to close the day at 37,933.70 which was also lower than the day’s opening figure.
As the corrective wave 4 extended to breakdown the former resistance level that had turned strong support, expect a reversal at 37,374.88 if the index does not hold at 37,709.20 to usher in wave 5 extension that will be supported with the positive earnings reporting season sentiments in the New Year.

Yes, institutional money flow index is looking down to show that money is leaving the market which is as a result of profit taking, investors should not activate their panic mode just yet, since there is no negative news in the market. The banks for some time now have been carrying these high level of Non-Performing Loans (NPL) and prices had rallied, dividend had always been paid, which supported the sector’s above 70% return year-to-date, even as some of these banking stocks are still undervalued.

Technically, the market’s traded volume was low, while at the same time selling pressure adjusted down from the previous day’s 95% to 87%, with volume index of 0.60 and buying volume of 13% of the total transaction to continue the bear run. Many indicators are signaling a sell market as revealed by market breadth for the day. The possibility of reversal at this point is high as traders and investors take advantage of the pullback to position for dividend in 2018.

Meanwhile, the All Share Index shed all of 600.94 basis points to close at 37,933.70, from the opening 38,534.64 points, representing a 1.56% decline, while market capitalisation was up by N76.92bn as a result of the 5.3bn additional shares added to those outstanding for International Brewery due to its recently concluded merger scheme involving International Brewery, Intafact Beverages and Pabod Breweries Ltd. This raised market capitalization to N13.5tr, from previous day’s N13.42tr, representing a 0.57% increase. The continued downturn was attributed to losses suffered by all classes of stocks like Dangote Sugar, Dangote Flour, Lafarge Africa, Dangote Cement, NB, ETI, UBA, Access Bank, UBN, Zenith Bank, FBNH, Presco and Guinness Nigeria .
This in turn impacted negatively on the year-to-date return of the All-Share index, reducing it to 41.15%, just as YTD growth in market capitalisation stood at N4.25 trillion, representing a growth of 45.97% above the year’s opening value.

Market breadth was negative as the number of decliners widened, outpacing advancers in the ratio of 32:10 on a low traded volume that was lower than the mid-week level.
Activities in terms of volume and value were mixed as volume dropped by 10.698% to 289.3m units from previous day’s 323.95m shares, while value was up 41.43% from N4.4bn in the previous day to N6.22bn. Transactions was dominated by banking stocks again as FBNH, FCMB, Zenith Bank, Fidelity Bank and Diamond Bank topped the volume chart.

At the end of the day’s trading Seplat and Caverton topped the advancer’s log, gaining 7.73% and 3.97% respectively to close at N540.05 and N1.37 on positive market sentiments. On the other hand, Flourmills and UBN shed 9.71% and 5.00% to close at N30.47 and N7.60 respectively on market forces and profit taking,

TODAY’S OUTLOOK

The ongoing volatility will continue being the last trading day of the week that will usher in the last full trading of the year as traders take profit and seek information to reposition, especially as inflation figure for November is expected before the week runs out and full year earnings season approaches. The positive outlook for emerging market in 2018 as a result of high commodity prices is a major attraction as currencies of these developing markets remain relatively stable. It begins to make much more sense for investors when you add the undervalued nature of assets on these exchanges. November inflation figure is expected to hit the market today.

Again, we advise that investors allow numbers to guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.

It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. Market is in phases know the cycles in order to manage your trading and investing risk. For stocks that should be on your shopping list to buy in this seasonality changes as the year winds down, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack on INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable. You can also still access stocks analysed in the home study pack of the INVEST 2018 traders & investors summit, which will be available this Friday.

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
http://investdata.com.ng/2017/12/profit-taking-spikes-panic-selling-even-market-fundamentals-remain-unchanged/

PROFIT TAKING: NSE INDEX SLIPS, AS INVESTORS PREPARE TO POSITION IN STRONG LOW VALUE STOCKS





MARKET UPDATE FOR DECEMBER 13, 2017

The stock market on Wednesday had a very volatile and mixed session, wiping out much more than previous day’s marginal gains as profit taking resumed full throttle especially in blue chip stocks that had performed well in price appreciation recently.
At the end of the day, there were more red than green across the board in a corrective wave that is preparing for the last few days of the year’s final rally in extension of Wave 5 at a time current downtrend is looking for support to propel the expected yearend rally ahead of the January effect and full year earnings reporting season in 2018 Q1.

The day started out with a little pop to the upside on the index and then had a major pullback, trying to retest the former resistance level that is becoming a support level in the current correction season on profit booking. The market closed lower after touching intraday high of 38,945.09 and low 38,514.43, but could not breakdown the last resistance level but today market forces and sentiment will determine a full breakdown or reversal.

The day’s market technicals was weak as selling pressure stood at 95%, with volume index of 0.67 and buying volume of 5% of the total transaction to continue the bear transition. Money flow index revealed funds are leaving the market as profit taking has persisted for days now. The reversal of this trend is imminent as traders and investors take advantage of the pullback to position for earnings season.

Meanwhile, the Nigerian Stock Exchange (NSE) composite index shed 389.99 basis points to close at 38,534.64, from the 39,924.63 points, representing a 1.00% decline, just as market capitalisation was down by N135.82bn to N13.42tr, from previous day’s N13.56tr, also representing a 1.00% value loss. The resumed downturn was due to losses recorded in high cap stocks like Unilever, Lafarge Africa, Dangote Cement, NB, Guaranty Trust Bank, Zenith Bank, FBNH, Stanbic IBTC and Presco. This impacted negatively on the ASI’s year-to-date returns, which reduced to 43.39%, just as YTD growth in market capitalisation stood at N4.22tr, representing a 45.56% rise over the year’s opening value.

Wednesday’s market breadth was negative as the number of decliners outnumbered advancers in the ratio of 27:19 on a relatively high traded volume that was lower than previous day’s level.
Market activities in terms of volume and value were down by 29.98% and 83.59% respectively to 323.95m shares worth N4.40bn from previous day’s 462.67m units valued at N26.81bn. Transactions was majorly driven by banking stocks despite the losses recorded by first tier banks, trades in Sterling Bank, FBNH, Diamond Bank, Guaranty Trust Bank and UBA topped the volume chart.
At the end of the day trading Berger Paints and FCMB topped the advancer’s log, gaining 4.93% and 4.92% respectively to close at N8.09 and N1.28 on positive market forces and sentiments, Presco and Cadbury shed 4.98% and 4.95% to close at N65.00 and N15.54 respectively on market forces and profit taking,

TODAY’S OUTLOOK

The ongoing volatility will continue as traders take profit and seek information to reposition, especially as inflation figure for November is expected before the week runs out and full year earnings season approaches. The positive outlook for emerging market in 2018 as a result of high commodity prices is a major attraction as currencies of these developing markets remain relatively stable. It begins to make much more sense for investors when you add the undervalued nature of assets on these exchanges.

Again, we advise that investors allow numbers to guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. Market is in phases know the cycles in order to manage your trading and investing risk. For stocks that should be on your shopping list to buy in this seasonality changes as the year winds down, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack on INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable. You can also still access stocks analysed in the home study pack of the INVEST 2018 traders & investors summit, which will be available this Friday.

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
http://investdata.com.ng/2017/12/profit-taking-nse-index-slips-investors-prepare-position-strong-low-value-stocks/

Volatility Continues As In Investors Position In Value Stocks, Amidst Profit Taking Activities


Market Update for December 11, 2017

It was indeed another volatile Monday on Nigeria’s stock market as profit booking by traders and investors extended to its second day to start the week.
Moreso, technicals were weak, confirming the sell market at this point, but the price patterns were mixed as players also take the opportunity of the current pullback to reposition and accumulate stocks with steady earnings growth and surprises that had given insight of what should be expected at the end of the year.

The day started out with a little upside in the morning that failed to consolidate in the mid-morning, before pulling back in an orderly fashion. At the end of the day, the market’s benchmark index closed lower after hitting intraday high of 39,292.21 basis points and low of 38,891.25, breaking the 39,000 psychological line in search of another support level not far from the former resistance level of 38,241.57.
Data analysis by experts at the weekend’s INVEST 2018 traders & investors summit revealed subtle opportunities between the performance of companies and the ongoing economic recovery, and the need for investors to stay with value enhancing stocks to generate good returns to protect their capital. This they agreed, is important, especially as the Central Bank of Nigeria (CBN) continues its intervention which is impacting positively on the foreign exchange window of the inter-bank market, inspiring confidence among foreign investors, leading to more forex inflows that further supports the market and economic recovery.

Also, the recent release of additional N750bn from the 2017 budget for capital projects is also expected to have positive impact if the infrastructural projects are executed faithfully to further expand Nigeria’s economy in 2018. Being a pre-election year, 2018 offers great opportunities and uncertainties, but the ability to navigate and the type of equities you position in will determine your level of profit.
Monday’s trading volume index stood at 0.75 with selling pressure of 94% and buying volume, 6% of the total transaction to keep the bear running on profit taking.

Meanwhile, the composite NSE All-Share index shed all of 343.54 basis points to close at 38,913.99, from the 39,257.53 points, representing a 0.88% decline, just as market capitalisation fell by N119.65bn to N13.55tr, from previous day’s N13.67tr, representing a 0.88% value loss. The two-day downturn resulted from price depreciation in low, medium and high cap stocks that impacted negatively on the ASI’s year-to-date returns, as it dropped to 44.80%, just as YTD growth in market capitalisation fell to N4.31tr, representing a 46.56% rise over the year’s opening value.

Market breadth for the day was negative as the number of decliners outpaced advancers in the ratio of 28:14 on a relatively high traded volume that was lower than previous day’s level.
Transactions in terms of volume and value were down by 33.86% and 4.01% respectively to 350.6m shares worth N4.92bn from previous day’s 530.08m units valued at N5.12bn. The day’s activity was driven by FBNH, Zenith Bank, Diamond Bank, Access Bank and Transcorp, which topped the volume chart.

At the end trading, Mobil and National Salt topped the advancers table, gaining 9.47% and 4.99% respectively to close at N174.96 and N18.74 on positive market forces.
On the flipside, Learn Africa and UBA shed 5% to close at N0.95 and N10.45 respectively on market forces and profit taking, ahead of C&I Leasing 4.83% loss to close at N1.37 each, on market forces.

TODAY’S OUTLOOK

Market volatility will continue as traders take profit from the recent rally, while at the same time smart money continue their accumulation of shares ahead of 2018 earnings reporting season and Santa Claus rally amidst the improving and positive economic data. As foreign fund managers look to emerging market in 2018 as developed markets seem overvalued already.
Again, we advise that investors allow numbers to guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.

It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. Market is in phases know the cycles in order to manage your trading and investing risk. For stocks that should be on your shopping list to buy in this seasonality changes as the year winds down, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.
Get your home study pack on INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable. You can also still access stocks analysed in the home study pack of the INVEST 2018 traders & investors summit, which will be available this Friday.

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
http://investdata.com.ng/2017/12/volatility-continues-investors-position-value-stocks-amidst-profit-taking-activities/

Profit Taking Slows Down, Volatility Lingers, Amidst Hope For Improved Economic Data


Market Update for December 12, 2017

Profit booking on the floor of the Nigerian Stock Exchange on Tuesday slowed down, while volatility continued, halting two days of bear market as highly capitalized stocks appreciated marginally in value, ahead of the release of the November inflation figure. This was just as investors continue repositioning in fundamentally sound equities of stocks with good management and corporate governance that have remained attractive to foreign and institutional investors as the year winds down. The improvement in numbers presented by consumer, industrial and banking stocks have so far supported their share prices, pointing to the possibility of higher payout in 2018.
Trading opened on the downside in the morning and rallied little at midday to hit an intraday high of 39,104.09, reducing the loss momentum and crossing into the green region from a low of 38,836.25 before pulling back to close the day at 38,924.63, which was nonetheless higher than its 38,913.99 opening level.

Market technical for the day was mixed as NSE Index resisted further decline on a huge transaction volume. Volume index for the day stood at 0.96 with selling pressure of 67% and buying volume, 33% of the total transaction to short live bear transition on a mixed sentiments.
The breakout of oil price to the current high of $65.62 per barrel on Tuesday after a major pipeline was shut, due to cracks, a situation that would further push up government’s revenue, while enhancing the nation’s foreign reserves, despite the 1.8m barrels per day production cap set by the Organisation of Petroleum Exporting Countries (OPEC).

Meanwhile, the All-Share index inched up by 10.64 basis points to close at 38,924.63, from the 39,913.99 points, representing a 0.03% growth, in the same direction, market capitalisation climbed up by N3.71bn to N13.56tr, from previous day’s N13.55tr, representing a 0.03% value gain. The upturn recorded resulted from value gain in medium and high cap stocks like Dangote Cement, Nigerian Breweries, Guaranty Trust Bank, Guinness Nigeria, FBNH, Dangote Sugar and Dangote Flour, which impacted positively on the ASI’s year-to-date returns, to 44.84%, just as YTD growth in market capitalisation fell to N4.31tr, representing a 46.61% rise over the year’s opening value.
Market breadth for the day was negative as the number of decliners outpaced advancers in the ratio of 23:21 on a relatively huge traded volume that was higher than Monday’s level.

Transactions in terms of volume and value were up by 31.97% and 444.92% respectively to 462.67m shares worth N26.81bn from previous day’s 350.6m units valued at N4.92bn. The day’s activity was driven mainly by Dangote Cement and others like FBNH, Diamond Bank, FCMB and AXA Mansard, which topped the volume chart.
Best performing price at the end of the day were UBN and Diamond Bank that topped the advancers table, gaining 10.01% and 7.14% respectively to close at N7.91 and N1.50 on positive market forces.
On the flipside, FCMB and Fidelity Bank shed 4.69% to close at N1.22 and N2.26 respectively on market forces and profit taking,

TODAY’S OUTLOOK

Being the mid-week, volatility will continue as traders take profit and reposition, while at the same time smart money continue their accumulation of shares in value stocks ahead of 2018 earnings reporting season and Santa Claus rally amidst the improving and positive economic data especially as inflation figure for November is expected before the week runs out. The positive outlook for emerging market in 2018 as a result of high commodities price is a major attraction as currencies and exchange of these developing markets are relatively stable. This is in addition to undervalued assets in these exchanges.

Again, we advise that investors allow numbers to guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. Market is in phases know the cycles in order to manage your trading and investing risk. For stocks that should be on your shopping list to buy in this seasonality changes as the year winds down, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.
Get your home study pack on INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable. You can also still access stocks analysed in the home study pack of the INVEST 2018 traders & investors summit, which will be available this Friday.

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
http://investdata.com.ng/2017/12/profit-taking-slows-volatility-lingers-amidst-hope-improved-economic-data/

MPC Members Say Nigeria’s High Unemployment Rate Undesirable, Worrisome

Three of the seven members of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), including the chairman and CBN Governor, Godwin Emefiele, at their last meeting between September 25 and 26, 2017, called attention to the nation’s high rate of unemployment rate,
According to their personal comments released at the weekend, they urged collaboration between the fiscal and monetary authorities to bring it down such that the improvements already seen in recent economic data would begin to make sense across the land.

According to Emefiele, improvements in productive activities saw GDP turning positive from -2.3% at the depth of the recession in Q3 2016, noting that “output gap remains considerably negative as real GDP stayed below its potential.”
Despite the continued deceleration in inflation rate from the peak of 18.7% in January 2017 and relative stability and convergence continued, he lamented that macroeconomic indices like unemployment and nominal interest rates, “remain at undesirable levels,” a situation he blamed essentially on “the structural imbalances and associated rigidities, which characterise the Nigerian economy (which) resonate the urgent need for diversification.

“The inevitability of diversification is even more exigent at this time given the planned medium-term phase-out of hydrocarbon fuels by major industrialised economies and the weak shortterm global demand,” he stressed.
Describing unemployment rate in the country as worrisome, Dahiru Hassan Bulami, another MPC member, described it as a critical area of concern, just like inflation and interest rates, despite the positive developments in the economy, calling attention to the wide gap between inflation at 16.01% and the 14% MPR (Monetary Policy Rate).

“In my opinion, unemployment is an important area that requires sound policies both from the monetary and fiscal authorities, to reduce the level of unemployment, which would help spur growth in the economy. What can be done to reduce unemployment in Nigeria by the monetary authority?
“In the past, Ministries, Departments, Agencies and Banks, would visit institutions to interview potential graduates for employment positions. The situation has however changed as unemployment exists among primary and secondary school leavers as well as graduates. It is disheartening that many graduates with First Class and Second Class honours are roaming the streets without jobs. Unemployment refers to a situation where an able-bodied individual with the requisite qualification, and who wants to work, does not have a job.”
The CBN, he said, “has a responsibility to assist in reversing the situation through putting in policies that would facilitate or support economic growth. What can we do to increase employment and livelihood among the youths?”

He tasked the CBN on the “need to intervene in the various sectors of the economy that have a high propensity of employment generation such as: agriculture, small and medium scale entrepreneurship, establishing Silicon Valley centres etc.
“Credits should also be extended to those who have participated in the various centres for entrepreneurship development, in the country. This should be in the form of seed money.”
While seeking support for the private sector as the largest employer oflabour in Nigeria to thrive, Bulami urged government to provide an environment for the private sector to thrive, so as to create job opportunities.

“It is true that graduates do not see themselves going to the farm, and as such, the private sector should be supported to provide employment for our teaming graduates,” he stressed further, calling attention also to the need guarantee power/electricity for at least six hours a day at constant and adequate voltage power, which would go a long way in assisting the private sector.

“For example, those in the welding and hairdressing heavily depend on electricity for their businesses to run. The entrepreneurships centres all over the country could serve as job creation centres through the provision of seed money to trainees on their successful completion.”
He called for a lowering of the MPR to bring down the prime lending rate, thereby making loanable funds relatively cheaper and inducing investors to borrow and invest and in the process generating more employment opportunities, raising the level of income, output, resulting in economic growth.

“However, to lower the MPR, CBN has to study this in relation to the inflation dynamics, monetary conditions, real economic activities, as well as inflation risks in the economy.”
He called for credit targeting to the agricultural sector, calling attention to the history of intervention schemes introduced in the past and the fact that some could destabilize the system.
“What went wrong with the previous interventions? How can they be sharpened or modelled to contribute towards the effective growth and stabilisation of the economy? How can the loopholes in the past schemes be blocked to make them more effective because unemployment is worrisome? Policy makers practically want low interest rates so as to make credit available to economic agents. This means that Deposit Money Banks should be encouraged to direct credit to sectors with high job generation ability. The Central Bank should design an incentive scheme that would encourage banks to lend direct to job creation areas such as agriculture,” he stressed.

A member, Abdul-Ganiyu Garba, warned that despite Nigeria’s exit from technical recession, its macroeconomic challenge remains overwhelming, as it is still a long way from recovery to 2014 level, just as unemployment rate remains high at a time public debt is at N2.01tr, while Federal Government deficit stood at N1.9tr in the first eight months, and debt service at N1.58tr is 2.4x the spending on capital project.

As if these were not enough horrible news, he said maximum lending rate rose to 31.2%, prime lending rates, 17.69% and widening interest rate spread to 26.95%; which are not helped by “a very active revolving door of liquidity – pumping in and mopping out.”
Issues that needs resolution at the moment, he continued, are: “The unresolved issues: A forward looking medium to long term strategic macroeconomic management framework for Nigeria as the context for policy analysis and choice; continuing malfunctions in the credit market which tends to allocate credit to sectors with traditionally high NPLs, low output and employment elasticities as well as a tendency to restrict access and to charge maximum rates on credit to sectors and economic agents with traditionally lower NPLs and higher output and employment elasticities; the dominance of rent havens in both the real and financial sectors, and the public space; prevalence of present hedonistic and backward looking orientation; and efficient and effective use of existing Nigerian capacity in all aspect of the political economy.”

http://investdata.com.ng/2017/12/mpc-members-say-nigerias-high-unemployment-rate-undesirableworrisome/#more

Buhari Visits Own Farm In Katsina, Seeks A Nigeria That Grows What It Eats

President Muhammadu Buhari took time off to visit his farm in Daura, Katsina State on Sunday, ahead of his travel to France.
According to a tweet from his personal twitter handle @MBuhari, the President who expressed hope that such would inspire one person to take to farming, restated his vision of a Nigeria that feeds itself.
The tweet, which was accompanied with pictures of him in the farm read:

I’m spending a few days at home in Daura before I travel to France for the One Planet Summit. Today I paid a visit to my farm. I grow fruits & vegetables,& keep cattle. I hope this will inspire one more person to take up farming. My vision is for a country that grows what it eats

http://investdata.com.ng/2017/12/buhari-visits-farm-katsina-seeks-nigeria-grows-eats/#more

INVESTDATA PRICE & EARNINGS TRACKING FOR THE WEEK ENDED DECEMBER 8, 2017

https://investdataltd..com.ng/2017/12/investdata-price-earnings-tracking-for_11.html

MARKET UPDATE FOR WEEK ENDED DECEMBER 8 AND OUTLOOK FOR DEC 11-15, 2017



THOUGH PROFIT TAKERS LURK, INFLOW OF FUNDS POWER EQUITY PRICES HIGHER IN SANTA CLAUS RALLY

The benchmark index of the Nigerian Stock Exchange over the past week was bullish with the consumer goods and banking indexes outperforming the general market, due to increased demand for equities of these sectors as a result of their impressive numbers, confidence in their management teams and adherence to good corporate governance that continues to attract inflows from domestic institutional and foreign investors alike. There is also attention focused on stocks that are likely to increase dividend payout in 2018 for the 2017 financial year which is gradually but surely winding down.
The inflow of funds to the equities market is not unexpected, given the fact that rates in the money market are on the downward swing in recent times, given also the intra-market moves seen in the last eight days with the gradual drop in interest rates on money market instruments. This is despite the fact that the benchmark Monetary Policy Rate (MPR) remains at 14%, which fueled the volume of trades seen last week, resulting in three consecutive weeks of up market. This is a sign that the bull transition is still alive, despite the profit taking that halted the seven days of bull rampage, looking at the market breadth at this point, using the cumulative AD line which takes the difference between the number of advancing and declining issues each day, and adding the result to the previous day’s value.

In a healthy market, you want to see the market breadth either tracking or leading the index, such that periods where market breadth lags and diverge from index, it is a red flag for analysts and discerning investors.
For example, in the chart above, the NSE All-Share index’s action has formed a double bottom chart pattern that supports uptrend and the orange line, which is the cumulative A/D Line over the last four years. Could the index movement and orange line be any more similar in direction? Based on this measure at least, market internals remain healthy for now, as market forces in the new week determine the next direction.

Market technicalities for the period under view were good as buying pressure was 77% and selling positions stood at 23%, the week’s volume index was 1.91 of total transaction. The year’s resistance level was broken out on a weekly high of 39,656.53 to remain above the psychological line of 39,000 point from the low of 37, 913.99 basis points. At the same time, the index formed a double bottom chart pattern on a rising channel that supports continuation or reversal of current trend with year-end round the corner. Market breadth was positive and widened to reflect the value gain of equities.
The All-Share index for the period gained 1,312.93 points to close at 39,257.53 points, from an opening figure of 37, 944.60 points, representing a 3.46% growth on a higher volume of transactions that were driven by financial services and conglomerates.

Market capitalisation for the period closed higher at N13.67tr from the opening value of N13.22tr, representing a 3.46% appreciation in investors’ positions, with low and medium cap stocks dominating the advancers’ log as a result of their high upside potentials and low price attraction, considering impressive numbers of quoted companies as more banking stocks feature on the table.
The rally was due to inter market fund movement and inflows from foreign players positioning in the low, medium and high cap stocks that parade improving numbers, which positively lifted the NSE ASI’s year-to-date return to 46.08%, while growth in market capitalisation for the period jumped to N4.27tr trillion, representing a 48.18% gain from the year’s opening value.

Market breadth for the week was positive with advancers’ outnumbering decliners in the ratio of 47:20 on a high volume of trades that were lower than previous week’s.
International markets over the past week were marginally positive as investors expressed concerns over the rising threat from North Korea, as well as the slow-down in investing activities amidst positive global economic data.
In U.S, equities were mixed irrespective of their better-than-expected number, as non-farm payrolls rose to 228,000 which was better than the estimated 190,000; while average hourly earnings rose to 0.2% for a 2.5% annual pace; whereas the Eurozone economy expanded by 0.6% in Q3, pointing to a stronger than expected year.

In Asia, Japan’s economy also expanded at 2.5% annual pace for Q3, even as the relative improvement in oil price boosted activities in many economies of the world as reflected in the Q3 GDP data released recently around the globe.
Back home, the NSE opened the week on a positive note with marginal gain of 0.08% to consolidate the previous trading session’s up market, which was sustained on Tuesday with improved gain of 1.37% that continued to the midweek and Thursday when the benchmark index gained 1.51%, and 1.17% respectively. It was however halted on Friday as traders and investors booked profit to slow down the rally as the index succumbed to pressure, losing 0.70% in the process to the close the week 3.46% better.

The composite NSE index and sectoral indices closed higher for the period, except for the NSE Oil/Gas, NSE ASeM and NSE Industrial that fell by 0.47%,1.04% and 1.37% respectively to close the week.
Market transaction for the week, in terms of volume and value, were mixed as volume fell by 76.72% to 3.32bn shares, up from the previous week’s 14.26bn units, while value climbed marginally by 3.96% to N36.45bn, from previous week’s N35.06bn.
The best performing stock for the week was FBN Holding, which hit a new 52-week high, after gaining 26.33% to close at N9.02, while Cadbury rebounded on market sentiment to close at N15.90, gaining 22.87% to top the advancers table on the strength of market forces.

The worst performing equity for the period was Total Nigeria, which lost 5.39% as its share price was adjusted for the interim dividend of N3.00 per share, closing at N228.01; followed by 5.37% slide in the price of International Breweries to close at N56.78 per share with investors and traders taking profit in reaction to its unimpressive Q2 numbers, as the company consolidates the recent gains arising from the recent fusion with its unlisted sister companies.

During the week also, Flour mills submitted an application to NSE for approval its right issue, while UBN listed additional shares of 51,299,322 units as a result of its (LTTIP) Long term Transformation Incentive Plan, and 7-Up released details of its Scheme of Arrangement to minority shareholders

Market Outlook
This week, expect a continuation of the volatility, as funds are searching for better opportunity in the financial market and profit taking in the mix of portfolio re-positioning as seasonal changes influence stock prices amidst the volley of positive economic data.
However, one thing that remains very clear in the current market situation is: Smart investors are accumulating and enhancing their positions in selected stocks.

Again, we advise that investors allow numbers to guide their decisions while re-positioning for the rest of the year trading activities, especially now that prices of stocks are oscillating amidst improving economic and market fundamentals.
It is time to use your technical tools to take decision by knowing the support and resistant level to reposition or exit any position.

Investing in the stock market is in phases. You must know this in order to manage your trading and investment risk. For stocks that should be on your shopping list to buy in this end of the year and ahead of 2018 full year earnings season, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467 or text Signal.

Get your home study pack on INVEST 2018 today and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable in this recovery market.
Stock market trading and investing materials for Financial Independence series are Available. Kindly call or send yes to 08032055467 or 08111811223.


Meanwhile, to all participant who brazed the heavy showers to be at last Saturday's INVEST 2018 TRADERS & INVESTORS FINANCIAL SUCCESS SUMMIT, it is our hope that it was worth your while and to our facilitators, we say a very big thank you.

https://investdataltd..com.ng/2017/12/market-update-for-week-ended-december-8.html

L'Reme Enterprise

We are suppliers of Seafood, frozen food and poultry products to Hotels, Restaurants and Caterers.
Our products include but are not limited to Prawns, Shrimps, Lobster, Crabs and all kinds of fishes from Barracuda, Sole fish, Mackerel, Croaker, Ink Fish to Salmon, Tilapia and much more.

We also deal in Turkey, Chicken, Snails, and Gizzard etc.
Our expert experience as suppliers to many of the country's prestigious hotels, restaurants and caterers provides us with the specific knowledge required to deliver fresh, quality and prompt product and service.


Joyce Awoyinka
Ceo & Founder
+447459075358, +2348065497326
Email: lremeenterprise@gmail.com
Head Office: Flat 15 Reynardson Court, London, N17 9HX
Branch: Ijora Cool wharf, Opposite Wema Bank, Ijora Olopa, Lagos, Nigeria
https//www.lnstagram.com/lremeenterprise/
https//www.facebook.com/lremeenterprise/

L'Reme Enterprise

We are suppliers of Seafood, frozen food and poultry products to Hotels, Restaurants and Caterers.
Our products include but are not limited to Prawns, Shrimps, Lobster, Crabs and all kinds of fishes from Barracuda, Sole fish, Mackerel, Croaker, Ink Fish to Salmon, Tilapia and much more.

We also deal in Turkey, Chicken, Snails, and Gizzard etc.
Our expert experience as suppliers to many of the country's prestigious hotels, restaurants and caterers provides us with the specific knowledge required to deliver fresh, quality and prompt product and service.


Joyce Awoyinka
Ceo & Founder
+447459075358, +2348065497326
Email: lremeenterprise@gmail.com
Head Office: 17, Ayodele Okeowo Street, Soluyi, Gbagada, Lagos State
Branch: Ijora Cool wharf, Opposite Wema Bank, Ijora Olopa, Lagos, Nigeria
https//www.lnstagram.com/lremeenterprise/
https//www.facebook.com/lremeenterprise/

L'Reme Enterprise

We are suppliers of Seafood, frozen food and poultry products to Hotels, Restaurants and Caterers.
Our products include but are not limited to Prawns, Shrimps, Lobster, Crabs and all kinds of fishes from Barracuda, Sole fish, Mackerel, Croaker, Ink Fish to Salmon, Tilapia and much more.

We also deal in Turkey, Chicken, Snails, and Gizzard etc.
Our expert experience as suppliers to many of the country's prestigious hotels, restaurants and caterers provides us with the specific knowledge required to deliver fresh, quality and prompt product and service.


Joyce Awoyinka
Ceo & Founder
+447459075358, +2348065497326
Email: lremeenterprise@gmail.com
Head Office: Flat 15 Reynardson Court, London, N17 9HX
Branch: Ijora Cool wharf, Opposite Wema Bank, Ijora Olopa, Lagos, Nigeria
https//www.lnstagram.com/lremeenterprise/
https//www.facebook.com/lremeenterprise/

L'Reme Enterprise

We are suppliers of Seafood, frozen food and poultry products to Hotels, Restaurants and Caterers.
Our products include but are not limited to Prawns, Shrimps, Lobster, Crabs and all kinds of fishes from Barracuda, Sole fish, Mackerel, Croaker, Ink Fish to Salmon, Tilapia and much more.

We also deal in Turkey, Chicken, Snails, and Gizzard etc.
Our expert experience as suppliers to many of the country's prestigious hotels, restaurants and caterers provides us with the specific knowledge required to deliver fresh, quality and prompt product and service.


Joyce Awoyinka
Ceo & Founder
+447459075358, +2348065497326
Email: lremeenterprise@gmail.com
Head Office: Flat 15 Reynardson Court, London, N17 9HX
Branch: Ijora Cool wharf, Opposite Wema Bank, Ijora Olopa, Lagos, Nigeria
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MARKET UPDATE FOR DECEMBER 7, 2017



NIGERIA’S NSE REMAINS VOLATILE, AMIDST PROFIT TAKING, FUND MANAGERS CONTINUE ACCUMULATION

The stock market had another positive session on Thursday as the bull rampage extend to its seven straight trading day of up market. This came with an increased volume of trades to confirm the era of sustained confidence in the entire market and indeed the recovery in the Nigerian, as investors and analysts begin to appreciate the Q3 numbers from quoted companies and expectations for the earnings season, all of which are supporting the price movement. These and more are factors that must be playing out among foreign and institutional investors as they seek to balance their positions on the back of the recent review of the MSCI Frontier Market index, resulting in the improved forex inflow already seen.
Added to these are the 2018 full year earnings reporting season in view, amidst the surge of positive economic data pointing to brighter future that is capable of supporting further movements of equity prices.

We must however not lose sight of the fact that all of the blue chips, consumer goods and banking stocks have so far rallied and their technicals improved,which could attract some profit taking, which should not be unexpected after the market has rallied for seven consecutive days.
Meanwhile, Thursday’s trading started out with a little pop to the upside, then a pullback, which was retested, and when that was successful, the NSE All-Share index extended to another session highs between midday to afternoon, hitting a strong intraday high of 39,623.52 basis from opening low of 39,075.30 and then closed the day higher on positive market breadth.

The market breaking out of another resistance level of 39,341.50 ushered more stocks to their new 52-week highs which was supported by improving liquidity given the renewed confidence occasioned by the nation’s rising external reserve and low stock valuation in the market.
Market volume index for Thursday stood at 2.20, with buying pressure of 84% and selling volume, 16% of the total transaction to keep the bull-run, despite the mixed sentiments that reflected in some stocks that succumbed to profit taking pressure.

Meanwhile, the composite NSEASI gained 458.84 basis points to close at 39,534.14, from the 39,075.30 points, representing a 1.17% growth, just as market capitalisation appreciated by N159.8bn to close at N13.77tr from previous day’s N13.61tr, representing a 1.17% value gain. The sustained uptrend result from price appreciation in low, medium and high cap stocks that impacted positively on the ASI’s year-to-date returns, pushing up to 47.11%, just as YTD growth in market capitalisation galloped to N4.52tr, representing a 48.90% rise over the year’s opening value.

Market breadth for the day remained positive as the number of advancers out paced decliners in the ratio of 28:17on a high traded volume that was higher than previous day’s level.
Transactions in terms of volume and value were up by 50.16% and 39.18% respectively to 1.06 billion shares worth N10.16bn from previous day’s 703.68m units valued at N7.3bn. The day’s activity was driven exclusively by banking industry stocks: FCMB, UBA, FBNH, Zenith Bank and Fidelity Bank,which topped the volume chart.

At the end trading, UBN and Fidelity Bank topped the advancers table, gaining 10.11% and 7.65% respectively to close at N7.19 and N2.42 on positive market forces.
On the flipside, Total Nigeria shed 5% to close at N228.01 each on market forces and profit taking, ahead of AXA Mansard’s 4.65% loss to close at N2.05 each, on market forces.

TODAY’S OUTLOOK

Being the last trading day of the week, market volatility will continue as traders take profit from the ongoing rally, while at the same time institutional investors continue their accumulation of shares ahead of year-end and Santa Claus season amidst improving and positive economic data, and in view of 2018 full year earnings reporting season.

Again, we advise that investors allow numbers to guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.

It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. Market is in phases know the cycles in order to manage your trading and investing risk. For stocks that should be on your shopping list to buy in this seasonality changes as the year winds down, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack today and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable
Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available (Home Study Pack), you can play and watch on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467 or 08111811223.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdataltd..com.ng/2017/12/market-update-for-december-7-2017.html

MARKET UPDATE FOR DECEMBER 5,2017



SANTA CLAUS RALLY: INDICATORS SOAR AS PROFIT TAKING SLOWS DOWN, INVESTORS GO AFTER VALUE STOCKS

The stock market had a spectacular Tuesday, solidifying the bull transition as it broke out the year’s strong resistance level to a new 52-week high on strong and positive technicals that revealed increasing demand for stocks as buying pressure outweighed the effects of ongoing profit taking activities leaving the bourse bullish on a primary short-term. The fantastic run up further strengthened the market’s standing as one of the best performing in the world and Africa, with its year-to-date return of 43.24%, at a time the globe markets hit an all-time high of $100tr worth according to a report by analysts at Morgan Stanley.

The market opened on a little upside in the early hours of the session but ran strongly in the mid-morning to the afternoon when it reached the intraday peak of 38,515.91 before pulling back in the last minutes of the trading session, but gently from the 52 weeks high.
As mentioned in our update yesterday, the composite index strongly broke-out the psychological line of 38,000 to extend the five-wave trend on a huge volume of trades that suggests accumulation by smart money. This is not unexpected, given the strong fundamentals, but low valuation of companies listed on the exchange, and positive economic data which also reveal growth prospect. On the economic front, despite the cap on Nigeria’s output by the Organisation of Petroleum Exporting Countries (OPEC) to 1.8 million barrels per day, the rising oil price would definitely result in increased government revenue, following which the worry should now be how to maintain the fragile peace in the volatile Niger Delta region by actively engaging the people, thereby giving them a sense of belonging.

One way to achieve this is to faithfully undertake the modular refinery, among other projects, while investing in their well-being, thereby reducing the temptation to seek fabled greener pastures abroad. This is important, given that about 98% of the youths who either died in Libyan concentration camps or on the Mediterranean sea, while attempting to cross into Europe, are of Niger-Delta origin, particularly Edo and Delta States. Beyond these and with the highly unpredictable movement in oil price, it is important for government at all levels to significantly reduce wastage and plug leakages in the system, while focusing on projects that will boost the economic fundamentals and impact the living standard of Nigerians.

Meanwhile, Nigeria’s stock market volume index on Tuesday stood at 1.24, buying pressure was 96% and selling volume, 4% of the total transaction to continue the bull-run, an indication of positive sentiments during the day’s trading. This trend is likely to continue as institutional money flow is green and looking up, but there is need for caution, even as profit taking slows down with the market looking up. The NSE Oil/Gas and NSE Insurance were the day’s laggards, while other sectorial indexes closed on the same path as the All-Share index.

The composite Index gained 519.85 basis points to close at 38,494.43, from the 37,974.58 points, representing a 1.37% growth, just as market capitalisation went up by N181.04bn to close at N13.41tr from previous day’s N13.23tr, representing a 1.37% appreciation in investors’ portfolio. The upturn was sustained by value gain in low, medium and high cap stocks like Dangote Cement, FBNH, Dangote Flour, PZ, UBA, Unilever, Dangote Sugar, NB, ETI, Access Bank, GTBank, Zenith Bank and Guinness Nigeria. This impacted positively on the All-Share Index’s year-to-date returns, taking it to 43.24%, just as YTD growth in market capitalisation soared to N4.16tr, representing a 44.98% rise over the year’s opening value.

Market breadth on was positive as the number of advancers widened to outnumbered decliners in the ratio of 32:11on a high traded volume that was higher than previous day’s level.
Transactions in terms of volume and value were up by 4.43% and 18.32% respectively to 522.35m shares worth N7.52bn from previous day’s 500.19m units valued at N6.36bn. The day’s activity was driven by Custodian Allied Insurance, GTBank, Fidelity Bank,Diamond Bank and Zenith Bank, which topped the volume chart.

The best performing stock for the day was Learn Africa, whichnotched 8.25% to close at N1.05 on market forces, followed by Cadbury Nigeria’s 7.37% to N15.30 on market sentiment.
On the flipside, Continental Reinsuranceshed 5% to close at N1.38 each on market forces and profit taking, ahead of Chellaram’s4.94%loss to close at N3.04 each, on market forces.

TODAY’S OUTLOOK

Expect market volatility to linger as traders profit taking slows down, while investors goes for value stocks ahead of year-end and Santa Claus season amidst improving and positive economic data.
Again, we advise that investors allow numbers to guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. Market is in phases know the cycles in order to manage your trading and investing risk. For stocks that should be on your shopping list to buy in this seasonality changes as the year winds down, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.
Get your home study pack today and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable
Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available (Home Study Pack), you can play and watch on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467 or 08111811223.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdataltd..com.ng/2017/12/market-update-for-december-52017.html

MARKET UPDATE FOR DECEMBER 4, 2017



INDICATORS STAY FLAT AS TRADERS TAKE PROFIT, INVESTORS REPOSITION FOR YEAR-END SEASON

Trading on the Nigerian Stock Exchange started off the week on a positive noteto consolidate the four straight trading sessions of bull transition with mixed technical,after Friday’s public holiday declared by the Federal Government.
The day started out with a little upside movement which the index held to throughout the mid-morning but oscillated by the midday to afternoon, hitting intraday highs of 38,023.27 and low of 37,913.99 on mixed sentiments as traders booked profit from the recent rally.

The composite index closed higher in the last hour to extend the five-wave trend, slightly touching the 38,000 level that had become a resistant in recent times and pullback, but it was not strong enough to make the cross meaningful. The volume traded remained high despite the huge drop that was driven by last week’s crossed deal in Transcorp that influenced transaction for that day.
The recent $455m surge in the nation’s external reserves, which took it to $34.82bn in one week as a result of crude oil price crossing $64 per barrel, is expected to boost government revenue and attract more foreign inflows as Central Bank of Nigeria (CBN) intervention in the foreign exchange market continues to impact positively on the value of the Naira. Already, the Purchasing Managers’ Index (PMI) at 55.9 for November, from 55 at the end of previous month,an indication of growth in Nigeria’s manufacturing sector and that the nation’s productivity is still expanding. This will continue to impact the real sector as shown by numbers from manufacturing stocks, offering insights into what investors should expect at the end of the current financial year.

The mixed sentiment on Monday was revealed by volume index of 1.22 with buying pressure of 55% and selling volume of 45% of the total transaction to continue the bull-run. This trend may likely continue depending on market forces, since institutional money flow is green and looking up, but there is need for caution in this short primary bullish market because profit taking is underway. NSE Banking, NSE Oil/Gas, NSE Insurance and NSE 30 were in red while NSE Consumer goods that had laggard before now outperformed the composite index as numbers continuing to reveal trading and investing opportunity in that.

Meanwhile, the All Share Index gained marginal 29.98 basis points to close at 37,974.58, from the 37,944.30 points, representing a 0.08% growth and similarly, marketcapitalisationwas up by N10.76bn to close at N13.23tr from previous day’s N13.22tr, representing a 0.08% value gain. The sustained market upbeat for the day was driven by price appreciation in medium and high cap stocks like Dangote Flour, FBNH, NB, TOTAL Nigeria, Seplat, Dangote Sugar, UBN and Dangote Cement. This impacted positively on the ASI’s year-to-date returns, taking it to 41.30%, just as YTD growth in market capitalisation stood at N3.9tr, representing a 42.87% rise over the year’s opening value.
Market breadth on Monday was negative as the number of decliners widened to outpace advancers in the ratio of 25:19 on a high traded volume that was lower than previous day’s level.

Transactions in terms of volume and value were down by 95.75% and 70.27% respectively to 500.19m shares worth N6.36bn from previous day’s 11.77bn units valued at N21.38bn. The day’s activity was driven by Custodian Allied Insurance, FBNH, Zenith Bank, Transcorp and Fidelity Bank, which topped the volume chart.
Cadbury topped the advancers’ table with a gain of 10.125 to close at N14.25 on market forces, followed by Diamond Bank with 9.94% appreciation to N1.37 on positive sentiment that the recent sales of its investment in SA will boost bottom line.
On the flipside, Fidson Healthcare shed 5% to close at N3.61 each on market forces and profit taking, ahead of Guinness Nigeria, which lost 4.99% to close at N92.35 each, on profit taking.

TODAY’S OUTLOOK

Expectvolatility tocontinue,as traderstake profit, while investors repositionahead of year-end and Santa Claus season amidst improving and positive economic data.
Again, we advise that investors allow numbers to guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.

It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. Market is in phases know the cycles in order to manage your trading and investing risk. For stocks that should be on your shopping list to buy in this seasonality changes as the year winds down, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack today and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable
Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available (Home Study Pack), you can play and watch on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467 or 08111811223.

Best regards
Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdataltd..com.ng/2017/12/market-update-for-december-4-2017.html

INVESTDATA PRICE & EARNINGS TRACKING FOR THE WEEK ENDED NOVEMBER 30, 2017

https://investdataltd..com.ng/2017/12/investdata-price-earnings-tracking-for.html

MARKET ROUNDUP FOR NOVEMBER 2017



NIGERIA’S INDEX POISED TO FINISH 2017 STRONG, AMIDST SEASONAL CHANGES, OIL PRICE IMPACT

A healthy combination of the continued impact of the third quarter earnings surprises and positive macro-economic indices which confirmed the nation’s improved recovery continued to impact basic indices of the Nigerian Stock Exchange (NSE) as they confirmed that the economy remains on the path of growth, despite being slower than expected. It was however strong enough to influence equity prices positively such that the market closed the month of November higher, building on the gains recorded in the preceding month and reflecting the high demand for stocks. Growth in the period under review was helped by the rising foreign investment inflows in spite of the nation’s downgrade by Moody’s and decision of the MSCI Frontier Market Index within the period under consideration.

The manufacturing activities in the current year continues to improve as a result of gradual increase in the purchasing power of Nigerians and increasing productivity that is reflected in the monthly Purchasing Managers’ Index for the last eight months, according to data from the Central Bank of Nigeria (CBN), from 55.0 in October to 55.9 last month.

More specifically, the first three quarterly results of companies listed on the exchange generally reveal improvements in earnings and profit among players in consumer and industrial goods sectors, most of which beat expectations to reflect the impact of the CBN’s intervention in the foreign exchange segments of the inter-bank market.This is because most of these companies rely on forex in one way or the other to source raw materials, particularly when there are no locally available alternatives. Another important factor is the declining rise in headline inflation over the past nine months. Expectedly, these improving numbers have also impacted the price movement of these companies.

During the month’s 22 trading sessions, the market was up in 15 and down in seven, continuing a two-month uptrend that impacted year-to-date gain positively, lifting it to 41.19%,which is attributable to factors mentioned above. These have ensured that the Nigerian stock market remains one of the best performing in Africa and globally as many stocks on the exchange remain relatively undervalue, despite its high margin of safety.

Meanwhile, the composite NSE All-Share Index in the month gained a total of 1,264.31 basis points, closing at 37,944.60 after touching a high of 38,057.71 and low of 36,427.31 within the period, compared to the 36,680.29 at which it opened. The closing point represented a 3.45% growth during the month on a strong buy-market position that impacted on stock prices to sustain the uptrend to the recent year resistance level that any breakout will confirm new rally.

Buying pressure of the total transactions for the period was 93%, and selling position, 7% to sustain the bull-run in the last quarter of the year,while volume index for the period stood 1.60.Market capitalisation gained N519.64 billion to close higher at N13.22 trillion, from N12.69 trillion, representing a 4.18% value gained. The uptrend continue on impressive numbers as foreign investors increased their position in the market in reaction to more positive macro-economic data that being released.
Transactions in volume and value for the month were up by 74.87% and 84.75to 10.02bn shares worth N117.86bn,as against the 5.73bnunits valued at N63.8bn recorded in the preceding month.
Market breadth for the month was positive with the advancers outnumbering decliners in the ratio of 42:31 to continue the bull transition, irrespective of mixed sentiments and profit taking during the period.

Sectoral indexes performance chart followed the path of the composite index, except for the NSE Consumer Goods and NSE ASeM that closed on the down side. The bar chart below shows that the NSE Premium and Lotus indices drove the market the most in the month under review, with the former gaining 7.73%, as a result of price appreciation of Dangote Cement and FBNH, while the later followed with 6%. They thereby outperformed the composite NSE All-Share Index during the period, ahead of the NSE Industrial index which climbed 4.66% up to reflect the improving performance of the companies in that sector, while the NSE Pensionand NSE30 indices grew 2.96% and 2.36% respectively, revealing investors’ interest in blue-chip and dividend-paying stocks, amidst the oscillating sentiments and attractive low Price-To-Earnings ratio attraction.
Other sectors that closed up during the month were: The NSE Banking, NSE Insurance, NSE Main Board and NSE Oil/Gas.

Sectoral indexes that closed in the red are NSE Consumer Goods and NSE ASeM, shedding 0.82%and 0.05% respectively, creating opportunities for investors and traders to position, due to their improved earnings that will continue due to impact of the positive macro-economic data on the sectors and economy.




Best And Worst Performing

Best performing stocks for the period under view was Fidelity Bank, which rallied on the strength of its successful Eurobond outing and improved numbers, with positive sentiment as a leader among the nation’s second tier banks. It gained 35.53% of its opening price; followed by another service provider–NahcoAviance, which appreciated by 32.31%; ahead of Diamond Bank’ 24.75% notch, while consumer goods followed in this step- Cadbury climbed 23.24%, International Brewery and Dangote Sugar were up by 22.27% and 20.33% respectively. Low and medium caps top the best performing stock table for the month which included: Medview Air with 19.17%; FBNH 15.16%, Forte Oil 14.98%, Eterna, 14.59% and Caverton, 13.49%; among others.

Best Performing Stocks in November
Securities
Sector
Open
Close
% Change
Fidelity Bank
Financial
1.52
2.06
35.53
Nahco
Services
3.25
4.30
32.31
Diamond Bank
Financial
1.01
1.26
24.75
Cadbury
Consumer Goods
10.50
12.94
23.24
International Breweries
Consumer Goods
48.99
60.00
22.47
Dangote Sugar
Consumer Goods
15.00
18.05
20.33
Med-view Airline
Services
1.52
1.82
19.74
FBNH
Finanical
6.20
7.14
15.16
Forte Oil
Oil/Gas
40.00
45.99
14.98
Eterna
Oil/Gas
3.70
4.24
14.59
Caverton
Services
1.26
1.43
13.49
NEM
Insurance
1.25
1.41
12.80
University Press
Services
2.15
2.39
11.16
Boc Gas
Industrial Goods
4.15
4.58
10.36
United Capital
Other Financial
3.01
3.30
9.63
Dangote Cement
Industrial Goods
224.00
245.00
9.38
Dangote Flour
Consumer Goods
9.53
10.30
8.08
Source; Investdata Research

The worst performing stock for the period wasLinkage Assurance, whichshed 27.91% of its opening price, amidst profit taking and activities of market forces; followed byC&I Leasing, which lost 24.72% also as a result of profit booking and its proposed primary activities/share reconstructing. The share price of Newrest ASLfell by 20.45%; Nigerian Breweries closed 11.80% lower for the month on serious profit taking, making it attractive at its current price; just as Champion Brewery dropped10.98% on the back of market forces.

Worst Performing Stocks in November
Securities
Sector
Open
Close
% Change
Linkage Assurance
Insurance
0.86
0.62
-27.91
C&I Leasing
Services
1.78
1.34
-24.72
Newrest ASL
Services
7.48
5.95
-20.45
Nigerian Breweries
Consumer Goods
150.00
132.30
-11.80
Champion
Consumer Goods
2.46
2.19
-10.98
Neimeth
Healthcare
0.60
0.51
-10.77
GSK
Healthcare
31.98
27.46
-9.52
UACN
Conglomerates
26.00
23.00
-6.87
Vitafoam
Consumer Goods
1.50
1.33
-5.72
Transcorp
Conglomerates
165.00
150.00
-5.56
Source: Investdata Research

Technical View on Monthly Time Frame


Index action for the month remained in the rising channel and above the 20/50-Day moving average on improved trade volume, while reflecting the increasing demand for stock as market and economic fundamentals continue on the path ofgrowth to keep strong momentum despite the mixed sentiments and strong volatility. With the improved economic data and current trading pattern, ahead of Santa Claus and year-end rally in preparation for full year earnings reporting season in Q1 2018, market technicalsremainpositive. Thisis likely to remain so in the new month as seasonal changes and impact of oil price remain at play in the market.

Where To Invest In Hope Of Santa Claus, Year End Rally
The global economy recorded stronger recovery and growth in recent times as revealed by the piles of positive data emanating from the developed world in the form of stronger GDP numbers, especially the rise in commodity prices, particularly crude oil. Despite these, uncertainties are mounting high with the recent North Korea missile attack on the U.S. border and geo-political issues that remain a cause for concern among investors. Economic risk of rate hike in the amidst economic growth as Q3 GDP and other data continue to push stock markets up, despite the long expected correction due to over- valuation.

Back home, the possibility of market breaking out of the recent resistance level is high with the trend ability and momentum that rebounded after Moody’s downgrade and MSCI reshuffling induced pullbacks. This is due to end of year expectations that triggered demand for stocks on the strength of stronger corporate earnings and stronger inflows as positive macro-economic data confirmed that the economy is on the growth path,notwithstanding the fact that it is slow at 1.4% as shown in the Q3 GDP figure released by the National Bureau of Statistics (NBS).

In the new month, we expect inflation for the month of November to continue its gradual downward movement; just as the PMIhas further improved to support recovery in the manufacturing sector given that Q3 numbers from the sector beat market and analysts’ expectations.
With only few quarterly earnings expected in this month and new trading pattern unfold as a result of seasonal changes, investors and traders are expected to reposition and balance their portfolios ahead of full year earnings in 2018, based on their interpretation of the scorecards and changes that will keep the market oscillating.

The Q3 numbers had revealed the financial position and health of the companies and indeed the market, while the low valued stocks with high upside potentials should be the target of investors. The strong intrinsic value remains a plus and should guide investors to know where to look while seeking to invest profitably for the remaining days of the year and beyond.
Traders and investors who understand the importance of combining fundaments and technical analysis in making investment decisions in the stock market should take this opportunity of any pullback in prices to position in some sectors for short, medium and long term gains, especially in the fast moving consumer goods, banking, agribusiness, building material and healthcare after carefully study of the recent price pattern and fundamental data available in the market.

What to expect in December
· The extension of the oil production cut to December 2018 is likely to have positive impact on crude oil price and influence government revenue positively which may also attract more inflow in the economy in form of portfolio or direct investment that will support the market.
Seasonal trending with few late filers of quarterly numbers expected, with no impact on the market. However, blue-chip companies will continue to oscillate on the strength of company and market fundamentals as repositioning and rebalancing stays till end of the year.

The oscillating trend of equity prices as a result of repositioning of portfolio along the line of positive numbers by foreign and local investors will boost activities in the final month of the year.
Market outlook for the new month remains mixed as few quarterly and no full year earnings are expected. But positive sentiments and strong momentum may not be out of place as the market expects the economic recovery to be strengthened with the last minute implementation of the 2017 budget.

The relative low Price-to-Earnings ratio in the market may further attract demand for stocks. Investors must however invest wisely, using bids, offers and volume when taking decisions as a trader.
Managing risk and protecting capital at this point is very important, so you will be able to determine when to buy or sell, by watching the stocks and the market, using technical analysis.
Let numbers released by companies guide you decision and time to stay in that
position.https://investdataltd..com.ng/2017/12/market-roundup-for-november.html

WHAT STOCK MARKET INVESTORS MUST CONSIDER IN THE 2018 PRE-ELECTION YEAR



In every economy of note around the globe, it has long being established that the political mood of the country has effect on its financial markets as investors and at such times, particularly foreign portfolio managers stay as close to cash as possible, in a pre-election year depending on their own perception of where the votes may swing in the Presidential ballot.

The reading of the a nation’s electoral cycle and how investors perceive whether there could be a change in leadership, is a major factor that results in much of the uncertainty pre-election years have been known for. This, it is believed can, and does spike market volatility and businesses, especially when it is seen that a new party may take power.
In such cases, portfolio investors begin to reduce their risk and exposures, at least until they are able to gauge precisely where the new government would tilt, which can take some time in the early stage of that administration.

In the United States, with a long history of democracy, a link has long been established showing that the pre- and post-election periods typically have opposite effects on investors’ optimism.
Research has also established a theory called the "presidential election cycle theory," which states that the financial markets exhibit weakening trends in the year following a presidential election, just as a UBS report concluded that the S&P 500 moves from high to low and returns to high again for one complete cycle.

Markets have been known also to react positively to a more business-friendly party, just as there is more market volatility because of the uncertainty of who will be elected than when the outcome is fairly certain, according to a report from Merrill Lynch.
It has also been established that the U.S pre-election activities affect international markets, interest rates and currency markets, among others.
Back home, the trend is catching up as the Nigerian stock market becomes more and more internationalized, unlike up to a decade ago, when the mantra was that the bourse was most often oblivious to what happens in the domestic and external environments.
Before we go further, let us see what the case has been here since 1998 when Nigeria had its first pre-election year preparatory to its return to democracy governance for the fourth time after independence in 1960.

Beginning from 1999, the country was governed by the Peoples Democratic Party (PDP) until the 2015 election when the All Progressives Congress (APC), a fusion of political parties was elected, with its candidate Muhammadu Buhari as president.

Pre-Election Years Market Trend & Performance
1998 TO 2014
Years
Open
Close
%
1998
6,440.51
5,680.06
Down by 11.8%
2002
10,903.80
12,059.20
Up by 10.60%
2006
24,085.80
33,189.30
Up by 37.8%
2010
20,827.17
24,770.52
Up by 18.93%
2014
41,329.19
34,657.15
Down by 16.14%
2017 To Date
26,874.62
37,709.20
Up by 40.32%


From the above table prepared by Investdata Consulting Ltd, one can see that the Nigerian market has not only gradually become matured, it has become more sensitive to happenings both in the domestic and international environment, just as the politico-economic space are beginning to align.
From the above analysis about the U.S markets and elections therefore, it can be seen that the 2015 election remained the most uncertain in the country’s political history, following the amalgamation of parties when the PDP’s then President Goodluck Jonathan was given a real fight by a more cohesive opposition.

Notice also that ahead of that Presidential poll, the 2014 pre-election year stock market remains the first to close negative since 1998, shedding 16.14%, compared to the closing level in previous pre-election years when it was always positive. It actually notched 37.8% in 2006, when the PDP’s Olusegun Obasanjo completed his second term and seamlessly handed over to another party member- late Presidential Umar Yar’Adua, at a time many people believed there was no strong opposition to the ruling party.

Besides the effects of the political cycle, share price movement is directly related to such fundamentals as company performance, movement in key macro-economic variables and government actions. The investor really needs to know about the right time to act to reap bountifully in any market situation.

Riding The Tide In An Election Year
Ambrose Omordion, Chief Research Officer, Investdata Consulting Ltd, believes that enough patterns have been provided to enable effective reading of investors mood in a pre-election year, chief of which is the need to target fundamentally strong companies with improving earnings that will drive price after the election.

Investors, he says, must fix their gave on companies with good corporate governance that will most likely attract new and returning foreign portfolio investors; besides those with direct core foreign ownership in place that are likely to increase their stake arising from an expected political stability and reforms.
Investors, he adds, must rely on Technical and Fundamental Analyses of such target companies to know the ‘Buy’ and ‘Sell’ price for maximum profit while mitigating risk.


Best regards
Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdataltd..com.ng/2017/12/what-stock-market-investors-must.html

INVEST 2018 TRADERS & INVESTORS FINANCIAL SUCCESS SUMMIT

INVEST 2018 TRADERS & INVESTORS FINANCIAL SUCCESS SUMMIT

Sub Topics

The Pre-election Economy & 2018 Budget: Implementation and Impact On the Recovery Bull Market
In this presentation, Mr Olufemi Awoyemi the founder/CEO of Proshare Limited, chartered Accountant and seasoned financial analyst will review the economy and impact of government policies so far, discussing how the proposed N8.6tr budget will influence the economy in a pre-election year. He will also take participants through the outlook for the stock market in 2018, while attempting to answer a question like: Is there really any reason to cheer from the mere size of the 2018 budget, considering how those of the past two years have been implemented, especially during this economic recovery phases?

Impact and Implication of NSE New Rules on your Equity Investment in 2018 and Beyond.
The new strategies to trade and invest in a transforming market will be revealed to boost players profit and minimized losses by Alhaji Garba Kurfi, a chartered accountant, Fellow CIS and Managing Director of APT Securities & Funds Limited. He will also tell participants about classes of stocks to focus on, in this new market normal value of 1kobo in 2018.

The Secret For Finding Better Trades & Investment Opportunity
Mr. Abdul-Rasheed Oshoma Momoh, Head, Capital Market in TRW Stockbrokers Limited will handle: “Discover how to Trade Smarter, How You Can Stay on the Right Side of the Market Most of the Time,” as well as specific, high winning probability, chart patterns: “Trading Price Direction based on Momentum Flows, The current market cycles, how they are used for trading price direction, in addition to How to set realistic & achievable profit.”

Comprehensive Earnings Guide for Investing and Trading in 2018 Earnings Season Profitably
“Equity price movement is a function of earnings in the short run and long term,” market reaction to earnings in any market cycles is prolonged by dividend payout, relative to price. It makes a lot of sense to trade in the direction by knowing the companies that will grow their payout in 2018… as long as you identify such stocks in their early stages. Hindsight, as they say, earnings calendar, trend, surprise and quality of numbers are very useful in making profitable investment decision in 2018 and beyond, which would be handled by Ambrose Omordion, Chief Research Officer of InvestData Consulting Ltd

How to Pick Investable Securities: Using Econometric Models and Other Strategies Of Successful Traders To Improve Your Trading Margin.
In this presentation by Engr Mike Ekwueme Anyadibe, CEO of X-Front Trader Limited, you will learn how financial engineering can be applied on NGSE market data: How the gurus pick securities, depending on their client’s different investment goals, whether for dividend Income. Or, are you a momentum or trend following trader who wants to grow your wealth through the stock market? Even If you’re a complete beginner – What is model, And Why Was It the profitable strategy between 2009 - 2017 so far.
This summit is the perfect opportunity to learn from the best industry experts and to get the personal attention in the exclusive Q&A session after presentations!


The summit holds on December 9, 2017 at Ostra Hall & Hotel, Behind M.K.O Abiola Gardens, Opposite NNPC Gas Plant, CBD, Alausa, Ikeja. Time is 9:00am. The fee is N25,000 per participant. Payment made on or before December 1, 2017 attracts 10% discount. Companies sending more than two representatives would enjoy 15% discount. Those who have participated in our previous seminars and workshops will enjoy 15% discount. Payment should be made into Investdata Consulting Limited; Zenith Bank Acct. No: 1013033032 or UBA, Acct. No: 1020288683.

To register for the coming summit Kindly visit our site www.investdataonline.com OR www.investdata.com.ng also you can call or send yes to 08032055467, 08111811223 or 08179547605

N.B: At this event you’ll hear real case studies and see examples of exactly how you can use these same techniques. This summit is packed with great content, but the room only has capacity for 100 people and registration is ongoing, so you’ll need to act fast.
If you are looking for a way to make money in the market as a Full-time or Part-time trader or investor, this is your opportunity.

Dream it! Wish it! Do it! Enjoy it! Don’t Miss out

Best regards
Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdataltd..com.ng/2017/11/invest-2018-traders-investors-financial_29.html

Nigerian Market Outlook: Where To Invest Ahead Of Santa Claus, Year-End Rallies

The global economy recorded stronger recovery and growth in recent times as revealed by the piles of positive data emanating from the developed world in the form of stronger GDP numbers, especially the rise in commodity prices, particularly crude oil. Despite these, uncertainties are mounting high with the recent North Korea missile attack on the U.S. border and geo-political issues that remain a cause for concern among investors. Economic risk of rate hike in the amidst economic growth as Q3 GDP and other data continue to push stock markets up, despite the long expected correction due to over- valuation.
Back home, Investdata sees the possibility of the Nigerian market breaking out of the recent resistance level is high with the trend ability and momentum that rebounded after Moody’s downgrade and MSCI reshuffling induced pullbacks. This is due to end of year expectations that triggered demand for stocks on the strength of stronger corporate earnings and stronger inflows as positive macro-economic data confirmed that the economy is on the growth path, notwithstanding the fact that it is slow at 1.4% as shown in the Q3 GDP figure released by the National Bureau of Statistics (NBS).
In the new month, Investdata expects inflation for the month of November to continue its gradual downward movement; just as the PMI has further improved to support recovery in the manufacturing sector given that Q3 numbers from the sector beat market and analysts’ expectations.
With only few quarterly earnings expected in this month and new trading pattern unfold as a result of seasonal changes, investors and traders are expected to reposition and balance their portfolios ahead of full year earnings in 2018, based on their interpretation of the scorecards and changes that will keep the market oscillating.
The Q3 numbers had revealed the financial position and health of the companies and indeed the market, while the low valued stocks with high upside potentials should be the target of investors. The strong intrinsic value remains a plus and should guide investors to know where to look while seeking to invest profitably for the remaining days of the year and beyond.
Traders and investors who understand the importance of combining fundaments and technical analysis in making investment decisions in the stock market should take this opportunity of any pullback in prices to position in some sectors for short, medium and long term gains, especially in the fast moving consumer goods, banking, agribusiness, building material and healthcare after carefully study of the recent price pattern and fundamental data available in the market.

What to expect in December
• The extension of the oil production cut to December 2018 is likely to have positive impact on crude oil price and influence government revenue positively, which may also attract more inflow in the economy in form of portfolio or direct investment that will support the market.
• Seasonal trending with few late filers of quarterly numbers expected, with no impact on the market. However, blue-chip companies will continue to oscillate on the strength of company and market fundamentals as repositioning and rebalancing stays till end of the year.
• The oscillating trend of equity prices as a result of repositioning of portfolio along the line of positive numbers by foreign and local investors will boost activities in the final month of the year.
• Market outlook for the new month remains mixed as few quarterly and no full year earnings are expected. But positive sentiments and strong momentum may not be out of place as the market expects the economic recovery to be strengthened with the last minute implementation of the 2017 budget.
• The relative low Price-to-Earnings ratio in the market may further attract demand for stocks. Investors must however invest wisely, using bids, offers and volume when taking decisions as a trader.
• Managing risk and protecting capital at this point is very important, so you will be able to determine when to buy or sell, by watching the stocks and the market, using technical analysis.
• Let numbers released by companies guide you decision and time to stay in that position.

To start your financial success journey in 2018 join us at INVEST 2018 TRADERS & INVESTORS FINANCIAL SUCCESS SUMMIT
Sub Topics

The Pre-election Economy & 2018 Budget: Implementation and Impact On the Recovery Bull Market
In this presentation, Mr Olufemi Awoyemi the founder/CEO of Proshare Limited, chartered Accountant and seasoned financial analyst will review the economy and impact of government policies so far, discussing how the proposed N8.6tr budget will influence the economy in a pre-election year. He will also take participants through the outlook for the stock market in 2018, while attempting to answer a question like: Is there really any reason to cheer from the mere size of the 2018 budget, considering how those of the past two years have been implemented, especially during this economic recovery phases?

Impact and Implication of NSE New Rules on your Equity Investment in 2018 and Beyond
The new strategies to trade and invest in a transforming market will be revealed to boost players profit and minimized losses by Alhaji Garba Kurfi, a chartered accountant, Fellow CIS and Managing Director of APT Securities & Funds Limited. He will also tell participants about classes of stocks to focus on, in this new market normal value of 1kobo in 2018.

The Secret For Finding Better Trades & Investment Opportunity
Mr. Abdul-Rasheed Oshoma Momoh, Head, Capital Market in TRW Stockbrokers Limited will handle: “Discover how to Trade Smarter, How You Can Stay on the Right Side of the Market Most of the Time,” as well as specific, high winning probability, chart patterns: “Trading Price Direction based on Momentum Flows, The current market cycles, how they are used for trading price direction, in addition to How to set realistic & achievable profit.”

Comprehensive Earnings Guide for Investing and Trading in 2018 Earnings Season Profitably
“Equity price movement is a function of earnings in the short run and long term,” market reaction to earnings in any market cycles is prolonged by dividend payout, relative to price. It makes a lot of sense to trade in the direction by knowing the companies that will grow their payout in 2018… as long as you identify such stocks in their early stages. Hindsight, as they say, earnings calendar, trend, surprise and quality of numbers are very useful in making profitable investment decision in 2018 and beyond, which would be handled by Ambrose Omordion, Chief Research Officer of InvestData Consulting Ltd

How to Pick Investable Securities: Using Econometric Models and Other Strategies Of Successful Traders To Improve Your Trading Margin
In this presentation by Engr Mike Ekwueme Anyadibe, CEO of X-Front Trader Limited, you will learn how financial engineering can be applied on NGSE market data: How the gurus pick securities, depending on their client’s different investment goals, whether for dividend Income. Or, are you a momentum or trend following trader who wants to grow your wealth through the stock market? Even If you’re a complete beginner – What is model, And Why Was It the profitable strategy between 2009 – 2017 so far.
This summit is the perfect opportunity to learn from the best industry experts and to get the personal attention in the exclusive Q&A session after presentations!
The summit holds on December 9, 2017 at Ostra Hall & Hotel, Behind M.K.O Abiola Gardens, Opposite NNPC Gas Plant, CBD, Alausa, Ikeja. Time is 9:00am. The fee is N25,000 per participant. Payment made on or before December 1, 2017 attracts 10% discount. Companies sending more than two representatives would enjoy 15% discount. Those who have participated in our previous seminars and workshops will enjoy 15% discount. Payment should be made into Investdata Consulting Limited; Zenith Bank Acct. No: 1013033032 or UBA, Acct. No: 1020288683.
To register for the coming summit Kindly visit our site www.investdataonline.com OR www.investdata.com.ng also you can call or send yes to 08032055467, 08111811223 or 08179547605

N.B: At this event you’ll hear real case studies and see examples of exactly how you can use these same techniques. This summit is packed with great content, but the room only has capacity for 100 people and registration is ongoing, so you’ll need to act fast.

If you are looking for a way to make money in the market as a Full-time or Part-time trader or investor, this is your opportunity.

Dream it! Wish it! Do it! Enjoy it! Don’t Miss out
Best regards

http://investdata.com.ng/2017/12/nigerian-market-outlook-invest-ahead-santa-claus-year-end-rallies/#more

7-Up Plans Delisting, Offers N19.332bn To Buy Out Minority Shareholders

Preparatory to eventually delisting its shares from the Nigerian Stock Exchange (NSE), like Nigerian Bottling Company, the board of c makers of Pepsi Cola and Mirinda, among others, on Thursday offered to buy-out minority shareholders in a deal expected to gulp N19.332bn.

In a notice to the NSE titled: “announcement of proposed acquisition,” signed by Samuel Uboh of Equity Services Limited, the company secretary, SBC said its board has received an offer from Affelka S.A., its majority shareholder, “to acquire all the outstanding and issued shares of SBC that are not currently owned by Affelka.”
The statement expects that the transaction entails Affelka offering N112.70 per unit for the 171,542,574 ordinary shares of 50 kobo each via a Scheme of Arrangement.

The offer, it continued, is pursuant to Section 539 of the Companies & Allied Matters Act Cap. C20 Laws of the Federation of Nigeria 2004 and other applicable rules and regulations.
The offer covers 26.78% of the company’s issued share capital at 15% premium on the last traded share price on August 9, 2017, “being the last business day prior to the date the proposal was received from Affelka and 21.8% premium on the trading price as at close of trading on November 28, 2017.
While urging shareholders to exercise caution when dealing in its shares until further notice, SBC said the deal has received the nod of the Securities & Exchange Commission (SEC), subject to approval of shareholders at a court-ordered meeting and the sanction of the Federal High Court.

Hint of the delisting is coming six years and almost two months after NBC delisted from the exchange on September 7, 2011, after Coca-Cola Hellenic (CCH) with 66.4% control offered a buy-out of the minority shareholders.
SBC was listed exactly 31 years ago on Monday, December 1, 1986.

http://investdata.com.ng/2017/11/7-plans-delisting-offers-n19-332bn-buy-minority-shareholders/#more